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Analyst: IGT Expected to Dominate Market

29 Oct 2004

NEW YORK – As reported by the CBS MarketWatch: "A seemingly insatiable appetite for gambling and for newer, more sophisticated one-armed bandits has fueled the Reno-based company's phenomenal revenue and earnings growth for years, amid the pastime's rapid expansion.

"…The company is expected to earn 33 cents per share, up 15 percent on revenue growth of 11 percent to $606 million, according to analysts polled by Thomson First Call.

"…The good news for IGT, wrote Robin Farley of UBS in a note to clients earlier this month, is that the company should continue to dominate the market for quite some time.

"On the other hand, the 'bad news is slow industry growth for next two to three quarters,' she said…"

 
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